AM06.4
AM06.4 - Asset Class Depreciation Rates

Use Asset Class Depreciation Rates (AM06.4) to define the depreciation rates associated with specific asset classes, as dictated by each local Public Utility Commission (PUC). **More Information Each asset class, sub-class, or jurisdiction must map to a unique asset account, to which a specific rate and depreciation calculation can be applied and to unique depreciation expense and accumulated depreciation accounts wherethe depreciation is stored. In addition, you may need to track each asset class, sub-classification, or jurisdiction separately as well as in groupings. Depending on your needs, you can define asset class depreciation rates as follows: - On this form, you can define rates at the type or type and subtype level. With this method, you define an asset class as a type, and any sub-classifications as a subtype. You can define a separate rate for each sub-class or jurisdiction and each type and subtype combination must be defined with a unique asset, accumulated depreciation, and depreciation expense account. You can report on each type subtype separately, or group the report by type. If you have many sub-classes and jurisdictions, this strategy can be quite cumbersome to set up. - Another strategy is to use a single asset type, and therefore a single set of asset and depreciation accounts across a company (possibly, across several companies), and define a unique depreciation rate for each accounting unit. This strategy requires you to set up an accounting unit for each jurisdiction or sub-class you want to track, but it is still less cumbersome to implement than the subtype method, and gives you more flexibility in terms of reporting, since you can create accounting unit groupsand accounting unit lists to report on. To define depreciation rates at the accounting unit level, choose the Detail button to open Asset Class Depreciation Rate Detail (AM06.5). NOTE You can combine both strategies. You can, for example, group all switch-type equipment under one asset type, using subtypes to differentiate between the various classes of switches, and use accounting units to reflect the rate variations depending on jurisdictions.

Updated Files
AMBOOKTYPE - No Description Available.



Referenced Files
AMASSET - No Description Available.
AMASTBOOK - No Description Available.
AMASTTYPE - No Description Available.
AMBKTYPEX - No Description Available.
AMBOOK - No Description Available.



INVOKED Programs
ACAC
ACTA
API4
IFAC
IFCU
IFOB
IFSG
SLSE
SLSU
IFLU
IFUP
IFAU



File created: Thu Jun 09 02:05:54 2016

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